Gold price confirms the breach – Analysis - 10-12-2018
Economies.com
2018-12-10 05:36AM UTC
Gold price confirmed breaching 1238.30 level after ending last week above it, which turns the intraday track upwrds, organized inside the correctional bullish channel that appears on the chart, which its next target located at 1262.51.
Therefore, we are waiting for more rise in the upcoming sessions supported by the EMA50 that carries the price from below, noting that breaking 1238.30 will stop the suggested bullish bias and push the price to decline again.
Expected trading range for today is between 1238.00 support and 1262.50 resistance.
Expected trend for today: Bullish
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